TD Cowen Downgrades Leidos Holdings (LDOS) to Hold

TD Cowen analyst Gautam Khanna downgraded Leidos Holdings (NYSE: LDOS) from Buy to Hold with a price target of $165.00 (from $200.00).

The analyst comments "We're downgrading our rating on LDOS from Buy to Hold, with a $165 PT (12x C25 EV/EBITDA). LDOS faces a transition (low growth) C25 following C24's explosive growth, which limits its upward re-rating prospects. Also, negative sentiment afflicting the gov't services sector is unlikely to improve for many Qs. We prefer higher organic growth stories in the group (CACI; BAH)."

For an analyst ratings summary and ratings history on Leidos Holdings click here. For more ratings news on Leidos Holdings click here.

Shares of Leidos Holdings closed at $147.30 yesterday.

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